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IoT Integration Global Market Report 2022: Need for Reduced Downtime and Increased Operational Efficiency & Increasing Demand for Automation in Business Processes Generates Opportunities

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DUBLIN, July 15, 2022 /PRNewswire/ — The “IoT Integration Market by Service (Device and Platform Management, System Design and Architecture, Network Management, Advisory), Organization Size, Application (Smart Building and Home Automation, Smart Healthcare) and Region – Global Forecast to 2027” report has been added to ResearchAndMarkets.com’s offering.

The global IoT integration market size is expected to grow from USD 2.4 billion in 2022 to USD 9.2 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 30.2% during the forecast period. IoT devices enable performing multiple functions faster in real-time due to its high computational power. The increasing adoption of IoT devices is increasing the need for integration services globally. The insights obtained after data analysis play an important role in improving the business functions.

The small and medium sized enterprises are estimated to account higher CAGR during the forecast period
As it is complicated and costly to set up a secured IT infrastructure, SMEs may traditionally run their IT infrastructures and are seldom aware of threats to their information. SMEs have been slow adopters of IoT integration services in the current market scenario. However, with the increasing emphasis on the adoption of advanced IT technologies and the demand for secure IT infrastructure, the SMEs segment is expected to adopt IoT integration services faster over the coming years. SMEs are typically more flexible in using and adopting emerging technologies, such as IoT, cloud, and analytics, as their existing IT investments are not huge. Hence, they can adopt any technology at a faster pace.

Among regions, APAC to hold higher CAGR during the forecast period
The growth of the IoT integration market in APAC is highly driven by the rapid digitalization of enterprises across the region. Market growth in this region is attributed to the rapid adoption of cloud computing, the rising number of medium-sized and small enterprises, and the number of start-ups increasing in the region. Emerging economies, such as China, India, Japan, South Korea, Australia, and New Zealand, are witnessing rapid economic growth and have a high potential to adopt IoT integration solutions.

Research Coverage
The market study covers the IoT integration market across segments. It aims at estimating the market size and the growth potential of this market across different segments, such as service, organization size, application, and region. It includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Market Dynamics

DriversProliferation of Connected Devices to Encourage BYOD and Remote Workplace ManagementDevelopment of Wireless TechnologiesNeed to Increase Operational EfficiencyMaturing Partner Agreements of IoT VendorsEmergence of Ipv6RestraintsLack of Standardization in IoT ProtocolsOpportunitiesGrowing Need to Align Management Strategies with Organizations’ Strategic InitiativesNeed for Reduced Downtime and Increased Operational EfficiencyIncreasing Demand for Automation in Business ProcessesIncreasing Adoption of IPAASChallengesData Security and Privacy ConcernsLack of Skills and Expertise

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Proliferation of Connected Devices to Encourage BYOD and Remote Workplace Management to Drive Market Growth
4.2 Device and Platform Management Services Segment and China Expected to Account for Significant Market Shares in 2022
4.3 India Expected to Grow at the Highest CAGR During the Forecast Period

5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
5.3 Impact of COVID-19 on IoT Integration Market Dynamics
5.4 Ecosystem
5.5 Value Chain Analysis
5.6 IoT Integration Market: Use Cases
5.7 Disruptions Impacting Buyers/Clients in the Market
5.8 Disruptive Technologies
5.9 Regulatory Impact

6 IoT Integration Market, by Service
6.1 Introduction
6.2 Device and Platform Management Services
6.3 Application Management Services
6.4 Advisory Services
6.5 System Design and Architecture Services
6.6 Testing Services
6.7 Services Provisioning and Directory Management Services
6.8 Third-Party API Management Services
6.9 Database and Block Storage Management Services
6.10 Network Management Services
6.11 Infrastructure and Workload Management Services

7 IoT Integration Market, by Organization Size
7.1 Introduction
7.2 Organization Size: COVID-19 Impact
7.3 Large Enterprises
7.4 Small and Medium-Sized Enterprises

8 IoT Integration Market, by Application
8.1 Introduction
8.2 Smart Building and Home Automation
8.3 Smart Healthcare
8.4 Energy and Utilities
8.5 Industrial Manufacturing and Automation
8.6 Smart Retail
8.7 Smart Transportation, Logistics, and Telematics

9 IoT Integration Market, by Region

10 Competitive Landscape

 Companies Mentioned

AccentureAerisAllerinAtosCapgeminiCognizantDamcoDell EmcDeloitteDxc TechnologyEinfochipsFujitsuHclIbmInfosysMacrosoftMeshedNtt DataPhitomasSalesforceSoftdelTcsTech MahindraTibboTimesysWipro

For more information about this report visit https://www.researchandmarkets.com/r/44ry85

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

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SOURCE Research and Markets

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Veeva Announces AI in Vault CRM

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CRM Bot and Voice Control deliver GenAI-powered assistance in Vault CRM

SINGAPORE, Nov. 25, 2024 /PRNewswire/ — Veeva Systems (NYSE: VEEV) today announced Vault CRM Bot and Vault CRM Voice Control, two new GenAI capabilities in Vault CRM. Unveiled at Veeva Commercial Summit Europe, CRM Bot and Voice Control join a host of new innovations coming to Vault CRM next year. With these new capabilities, companies can deploy AI that will have immediate value by boosting field productivity.

CRM Bot embeds the large language model (LLM) of your choice into Vault CRM to enable a wide range of context-driven tasks including pre-call planning, suggested actions, recommended content, and context-specific learning. Planned for availability in late 2025, CRM Bot is included in Vault CRM for no additional charge and requires the Vault Direct Data API.

AI-powered Voice Control brings the human voice as a user interface into Vault CRM by leveraging Apple Intelligence for hands-free operation of CRM via spoken commands. Planned for availability in late 2025, Voice Control is included in Vault CRM for no additional charge and requires Apple Intelligence and compatible devices.

Delivering AI within its products – like CRM Bot and Voice Control – is part of Veeva’s overall strategy to help enable AI for the life sciences industry. Veeva also provides the Vault Direct Data API for high-speed access to data needed for AI and the Veeva AI Partner Program that enables customers and partners to more easily build AI applications that integrate seamlessly with Vault applications.

“Vault CRM Bot and Vault CRM Voice Control bring the latest advances in generative AI into Vault CRM for more effective, productive reps,” said Arno Sosna, general manager of CRM products at Veeva. “Our product focus is to leverage AI for clear use cases with high impact and ensure smoother more effective deployments of advanced technologies.”

Veeva customers and life sciences industry professionals can learn about these innovations and more in the Vault CRM Product Roadmap session replay in Veeva Connect starting November 25.

About Veeva Systems
Veeva is the global leader in cloud software for the life sciences industry. Committed to innovation, product excellence, and customer success, Veeva serves more than 1,000 customers, ranging from the world’s largest biopharmaceutical companies to emerging biotechs. As a Public Benefit Corporation, Veeva is committed to balancing the interests of all stakeholders, including customers, employees, shareholders, and the industries it serves. For more information, visit veeva.com.

Veeva Forward-looking Statements
This release contains forward-looking statements regarding Veeva’s products and services and the expected results or benefits from use of our products and services. These statements are based on our current expectations. Actual results could differ materially from those provided in this release and we have no obligation to update such statements. There are numerous risks that have the potential to negatively impact our results, including the risks and uncertainties disclosed in our filing on Form 10-Q for the period ended July 31, 2024, which you can find here (a summary of risks which may impact our business can be found on pages 36 and 37), and in our subsequent SEC filings, which you can access at sec.gov.

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SOURCE Veeva Systems

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Global Elite Training of World Internet Conference Digital Academy Begins

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WUZHEN, China, Nov. 24, 2024 /PRNewswire/ — A news report from CRIOnline:

On November 21, the launch ceremony for the Global Elite Training of the World Internet Conference Digital Academy was held. This training focuses on frontier trends on the digital economy, and the internet, and global advanced experience in digital transformation and leadership upgrades. During the sessions, authoritative experts from international organizations, globally renowned universities, and leading Internet companies gave lectures, and 40 trainees from 32 countries including Oman, Kenya, Tajikistan, and Mongolia participated in the training.

On that day, guests including Barbara Ramos, Chief of Research and Strategies for Exports of International Trade Centre (ITC), and Zhou Hongyi, Founder of 360 Group, delivered speeches on topics such as new quality productive forces and the digital economy, opportunities and challenges with cross-border e-commerce for small and medium-sized enterprises (SMEs), large models bringing humanity into a new era of AI, and international economic and trade rules and corporate digital transformation.

The trainees on site all said that this learning experience was very helpful to them. Lutbayar Naranzul, Director of Compliance of the Risk Management Division of the Development Bank of Mongolia, said, “My main job currently is to control Internet risks and safeguard cybersecurity. This training course is exactly what I needed, and the content is highly relevant to my work. I have gained a lot.”

Recently, during the main forum of the 2024 Wuzhen Summit,the World Internet Conference Digital Academy was officially launched.

 

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SOURCE CRIOnline

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“Beidou + UAV” helps transmission line inspection

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TURFAN, China, Nov. 25, 2024 /PRNewswire/ — On November 18, the State Grid Turfan Power Supply Company’s Transmission and Inspection Center carried out line inspection on the 220 thousand volt Shuncao line and tested the UAV RTK Beidou signal.

As the first batch of UAV Beidou signal switching pilot units of Xinjiang Electric Power Company, State Grid Turfan Power Supply Company has completed the Beidou signal switching of 67 UAVs, realizing the dual signal source guarantee of UAV operation “GPS+RTK”, reducing the signal error to “centimeter level”, and effectively improving the level of lean operation and maintenance of UAVs.

Up to now, the UAV inspection of the State Grid Turfan Power Supply Company has covered 215 transmission lines of 35 thousand volts and above, with a total length of 4,834 kilometers, and the inspection volume in 2024 will reach 46,230 bases, with a range of 15,374 kilometers, and the total mileage is close to one-third of the equator. The number of the company’s UAV inspection towers has exceeded the number of manual inspections by 3 times, and UAV inspections have become the main force of transmission inspections.

In the next step, the State Grid Turfan Power Supply Company will actively explore a safer and more efficient UAV inspection mode, and actively expand the application of UAVs in power transmission and inspection based on the principle of “solving problems and improving work efficiency”, so as to contribute to the company’s digital and intelligent transformation.

 

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SOURCE State Grid Turfan Power Supply Company

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